The 11th Circuit federal appellate court out of Atlanta has just struck down the dreaded individual mandate portion of Obamacare on the grounds that Congress did not have the authority to enact that provision. The mandate would force Americans -- with rare exceptions for religious objectors and undocumented aliens -- to enroll in a government-approved health insurance plan or face financial penalties and, at least theoretically, some risk of incarceration for non-compliance.
An appeal by the Obama Administration to the U.S. Supreme Court is all but certain.
The rest of ObamaCare can stay in effect under this ruling.
A link to a news report is available at http://www.cnbc.com/id/44121909. More to come: over the weekend I will try to find and post the opinion.
Eric Dixon LLC
World-Class Strategic Analysis